IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-61802-2_2.html
   My bibliography  Save this book chapter

The Unsustainable Welfare State

In: Social Security Reform in Transition Economies

Author

Listed:
  • Charles M. Becker
  • Grigori A. Marchenko
  • Sabit Khakimzhanov
  • Ai-Gul S. Seitenova
  • Vladimir Ivliev

Abstract

As discussed in Chapter 1, Kazakhstan was economically unprepared for independence when it came in 1991. Table 2.1 provides key macroeconomic indicators from 1990 to 1997. The years 1992-93 were characterized by economic collapse: by 1995, Kazakhstan’s real GDP had fallen to 52.6% of its 1990 level, and the number of formal sector workers (and especially the number making regular social insurance contributions) fell rapidly and steadily. Formal sector employment was 30% lower in 1995 than in 1991; by 1997 the decline was by more than 50%. Thus, while real wages were fairly stable from 1994, when Kazakhstan became financially independent, to the onset of pension reform in 1998, this stability pertained only to a rapidly dwindling share of Kazakhstan’s labor force (Becker and Urzhumova, 1998).

Suggested Citation

  • Charles M. Becker & Grigori A. Marchenko & Sabit Khakimzhanov & Ai-Gul S. Seitenova & Vladimir Ivliev, 2009. "The Unsustainable Welfare State," Palgrave Macmillan Books, in: Social Security Reform in Transition Economies, chapter 2, pages 15-26, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-61802-2_2
    DOI: 10.1057/9780230618022_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-61802-2_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.